At Tenzor Ltd., we support clients across industries and geographies. Here's what executives and leaders have shared about working with us:
“I worked closely with Igor during the most demanding period of my career – leading the recovery and wind-down efforts at Anglo Irish Bank / IBRC following its nationalisation. It was a uniquely complex restructuring environment, with unprecedented political, regulatory, and financial pressures. In that context, Igor’s contribution was not only significant, it was pivotal.
Igor brings a combination of deep technical capability and real-world pragmatism that is rare in the restructuring and working-capital field. His understanding of receivables finance, credit structures, and risk architecture is first-rate, and he has the unusual ability to translate that expertise into clear, practical solutions that work under pressure. When we were navigating high-stakes decisions across distressed portfolios, creditor negotiations, and liquidity management, Igor consistently provided analysis and recommendations that were both technically robust and operationally grounded.
What I valued most was his calm, structured approach. In an environment where issues were often multi-jurisdictional and evolving daily, Igor had an exceptional ability to cut through complexity, identify the real drivers of risk, and chart a path forward that was both defensible and implementable. He is highly collaborative, listens carefully, and challenges assumptions constructively – qualities that mattered enormously at IBRC, where clarity and speed of execution were critical.
Igor also brings a strategic lens. He understands not just the numbers, but the institutional context, the stakeholders, and the broader impact of decisions. This made him invaluable in shaping responses that balanced commercial, legal, and policy considerations.
I would have no hesitation working with Igor again or recommending him for any restructuring, turnaround, or working-capital-related engagement. He is technically outstanding, commercially astute, and a genuine asset in any high-pressure recovery or transformation environment.”
— Mike Aynsley, Former CEO, IBRC (Irish Bank Resolution Corporation)
“I partnered with Igor at two different companies in two different capacities. Igor helped our organization with a working capital due diligence project and has recently helped us negotiate and navigate two credit programs in APAC. The most recent credit program was negotiated and executed in the midst of the COVID-19 crisis and despite this challenge, he was successful at bringing value to our company. Igor works tirelessly and brings a wealth of experience to his engagements with clients. He goes above and beyond to ensure our goals are met and we are positioned for success. He is always available to us and his advice and guidance provides significant value. I look forward to working with Igor again and I highly recommend him for any organization.”
— Cookie Serrano, Former CFO Asia, GCC & GLM, Tech Data (now TD SYNNEX)
“I did work with Igor in a Structured Trade Finance deal for a British Multinational. Igor effectively advised the CFO of the PE-owned company with solutions for improving working capital. At all times, Igor demonstrated a very deep understanding of the different alternatives, their pros and cons, and terrific analytical skills. I would definitely recommend Igor for any transactions involving turnaround situations, distressed markets and challenging business environments.”
— Bertrand de Comminges, Former Director, Global Trade Advisory, The Royal Bank of Scotland
“Igor was appointed by EBRD to perform an independent business review of one of our clients in Ukraine and to develop a set of recommendations for improvement. Igor was able to establish a good rapport and working relationship with the company, and performed the job in a way that was beneficial to all parties. He was later retained by the company itself to help them negotiate a restructuring of their loan facility with EBRD. The restructuring was successfully completed. I highly recommend Igor and would certainly be very happy to engage his services again.”
— Marina Snaith, Former Senior Banker, Risk Management – Corporate Recovery, European Bank for Reconstruction and Development (EBRD)
“Highly recommend Igor as a guest speaker for supply chain management or finance courses. He is an expert on many topics, especially supply chain finance, and can explain complex concepts in an accessible way from many angles: legal, accounting, financial, risk management, operations. He offers both theoretical depth and practical experience and provides engaging and entertaining examples while leading his audience to profound insights.”
— Volodymyr Babich, Professor of Operations & Information Management, Georgetown University McDonough School of Business
“I had the opportunity to work with Igor on a credit facility transaction, where I represented the investor and he represented the startup company. I was impressed by Igor’s professionalism and deep expertise in the receivables space, particularly as it relates to the credit risk, credit insurance and the implications on the shipping industry. Throughout the negotiation process, he consistently protected his company’s interests while remaining open, fair, and solution-oriented. Beyond his technical strengths, I also got to know Igor as a genuinely kind person – generous in sharing his experience and knowledge, and always a pleasure to work with. His collaborative approach played a key role in successfully closing the transaction.”
— Guy Berkowitz, Former Treasurer, ZIM International Shipping Lines
“Igor Zaks is a regular speaker in my course on Mergers and Other Corporate Reorganisations at the London Business School. Through years of experience on corporate restructuring, Igor has developed a deep understanding of how to turn around businesses. Igor’s approach is truly holistic, combining multidisciplinary insights from economics, finance, strategy and operations management. With these skills and experience, Igor is a valuable asset in dealing with any turnaround situation, as the complexity of these situations benefits from a multidisciplinary approach: financial restructuring needs always to be combined with creative and sound operational decisions.”
— Paolo Volpin, Former Associate Professor of Finance, London Business School
“Igor is a creative force on the subject of financing, risk mitigation, and working capital management. He has established an extensive network of relationships that serves him and his clients well, including Tech Data Corporation for whom he brought numerous unique and valuable recommendations. Igor brings a high level of enthusiasm and fast response to changing conditions. His ability to negotiate favorable terms on behalf of clients is unsurpassed.”
— Scott Tilleson, Former VP Credit, Americas, Tech Data (now TD SYNNEX)
“Tech Data hired Igor in May 2013 to support negotiations on credit insurance in Europe. Results were far beyond our expectations. This was achieved mostly thanks to Igor’s insider knowledge of both insurers’ and insureds’ practices, as well as to his dedication to this project.”
— Frédéric Labey, Former VP EMEA Finance, Tech Data (now TD SYNNEX)
“I started working with Igor in APAC and am very impressed with the value he offered to my business. He has deep knowledge regarding credit insurance programs and how they operate in different geographies. He has also established good networks within the credit insurance underwriters and agents. This enables him to negotiate effectively to improve the rates, and achieve favorable terms and conditions for us. Highly recommend Igor to your organization.”
— William Chu, Former President, Asia Pacific, Tech Data (now TD SYNNEX)
“Igor carried out a review of our credit and collections process ($600m revenue business) and came up with a number of practical recommendations. He then helped putting a number of them into practice. Clear and logical throughout.”
— Paul Woolf, Former CFO/COO, CPA Global
“I have known Igor for 20 years and in that time I have worked with him at three different organisations where, almost uniquely, Igor has been my client, we have been colleagues and I have been his client. Our business relationships span such areas as: structured finance, acquisition finance and international corporate restructuring. Not only does Igor have a great depth of relevant expertise but also an easy going business approach where he is able, even under great pressure, to communicate and negotiate well and to achieve excellent results. He is a hard working, loyal, very honest team player and capable of finding pragmatic solutions to highly complex situations. I have thoroughly enjoyed working with Igor over this time period in the differing roles that we have had. I would happily recommend Igor as a tenacious well rounded professional.”
— Richard Woodhouse, Senior Managing Director, Prospera Associates Limited
“Igor worked closely with me to help a business evaluate and launch a new Pan-European Distributor Financing Program. Igor brought his extensive experience regarding credit insurance to the project with great success. He was diligent, timely and totally dependable. Should the situation arise to work with him again, I would be very comfortable doing so.”
— Eric Wright, Former Partner, Transaction Advisory Group – Working Capital Practice, Ernst & Young, US
“Igor was external consultant to EY for an international vendor financing project I was the lead analyst on. Igor provided indispensable subject matter expertise in the realms of trade finance and credit insurance and provided valuable input on my financial models and final business case. Igor was a delight to work with and made a positive impression on the Fortune 500 CFO client as well as our internal team. If given the opportunity to work with Igor again I would jump at the chance.”
— Ernest Rolfson, Former Senior Consultant, Ernst & Young, US
“Igor has deep knowledge of the global supplier finance marketplace and products. He is very strong analytically and produces high quality analysis and written reports. He’s also enjoyable to work with!”
— Jon Male, Former Director, Cards, Payments and Banking Segments, Ernst & Young, UK
“I worked with Igor during my time in conferences, producing events in the areas of trade and receivables finance, credit insurance and fintech. Igor is a skillful moderator and chairman; extremely knowledgeable of his industry, practical, pragmatic and creative in his approach. Igor is generous with his time, and passionate about engaging with industry peers. In short, an energetic and valuable contributor to any dialogue on the key themes of trade finance.”
— Paul Heaney, Former Associate Director, Berne Union
“We had the opportunity to work together with Igor on a working capital optimisation for one of our portfolio companies with locations both in Europe and South America. He worked on site along with the CFO, helping him to identify the process bottlenecks, mostly in AR and AP, providing suggestions on how to eliminate them and consequently reducing the working capital cycle. Igor also presented during our Portfolio event on Working Capital, covering topics including working capital management as part of organisational strategy, cash conversion cycle, credit management processes, and designing business models to optimise working capital. He covered these points extremely well.”
— Fabio Pesiri, Operating Partner, Head of Operating Team, The Riverside Company (REF Funds)
“Igor is a key member of Indigoblue Mortgage Investment Corporation’s advisory board. He is immensely knowledgeable and goes above and beyond in providing timely guidance and relevant context to our executive team. His vast experience and diverse skill set make him an invaluable member of our strategy team. I particularly want to recognize his ongoing contribution to our team’s strategy to deal with the Covid-19 crisis. The team and I have enjoyed working with Igor and look forward to his ongoing guidance and mentorship in carving out our future strategic direction.”
— Harry Singh, CEO, IndigoBlue Group of Companies
“I had a great pleasure working with Igor on a complex property project in a compromised legal and business environment. During our cooperation, Igor proved himself to be a top-notch crisis manager, who possesses an exceptional combination of fundamental knowledge and profound hands-on experience of acting and succeeding on emerging markets. Within a very short time frame, Igor managed to restore control over the business and stabilize it: made key HR decisions, established robust processes and controls, improved operational performance. Igor’s sharp wit and encyclopedic knowledge have always been of great use in structuring complex deals and finding nontrivial breakthrough solutions.
On a separate note, I would emphasize Igor’s loyalty and integrity. He has personally always been very honest, professional and straightforward in all his business dealings. Igor is very pleasant to work with; he is well received by both partners and counterparts. I would be happy to extend my best recommendation to Igor.”
— Rostislav Levinzon, Former General Director, Quinn Properties Ukraine LLC
“Igor provided me with great assistance and support on a very challenging assignment in Ukraine and I am happy to recommend him.”
— Robert Dix, Former Executive Chairman, Quinn Finance Limited
“Igor’s expertise in UK legislation and financial practices combined with very high productivity helped a lot to turn an administration process of one of our partners into a great M&A deal. I am glad to recommend Igor on behalf of NPF Materia Medica Holding and personally.”
— Daniil Epstein, Former Deputy General Director, NPF Materia Medica Holding
“Igor has a ferocious ability to get the job done no matter what obstacles are thrown in his way. He has a vast depth of experience and contacts in the world of credit insurance and he is continuously looking for innovative solutions.”
— Paul Woolf, Former CFO, Birds Eye Iglo Group